Celestica to sell $350M in debt, alters credit facility

AugustCole

SAN FRANCISCO (CBS.MW) -- Celestica said Friday that it plans to sell $350 million in 2011 senior subordinated notes. The company also announced that it has increased a 364-day $250 million revolving credit facility to $600 million, which has been extended to June 2007. Celestica also ended a $500 million revolving credit facility due June 2005. Proceeds from the notes offering will be used for the possible buyback of liquid yield option notes and for "general corporate purposes, including future acquisitions." In New York, shares of Celestica
CLS, -0.35%
rose $1.03, or 5.7 percent, to $19.08.

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